As-salaam alaekum brother since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax

Answered according to Hanafi Fiqh by

بسم الله الرحمن الرحيم

(Fatwa: 161/156=J)


In order to avoid the un-Islamic demand of income tax the Ulama have allowed to invest money in mutual fund which operate on halal business and shun interestbased transactions and dealings.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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